Morguard North American Residential Real Estate Investment Trust (MNARF)

MNARF Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	4,288	4,333	3,999	3,627	3,256	2,941
Cash & Equivalents	66	51.26	17.83	14.64	26.56	27.3
Accounts Receivable	7.96	2.74	2.4	3.5	2.01	1.54
Other Receivables	-	9.85	7.17	7.9	5.18	4.11
Loans Receivable Current	92.5	90	2.63	80.7	70	-
Restricted Cash	4.34	4.86	4.08	89	11.8	9.35
Other Current Assets	5.66	8.98	9.07	6.37	5.2	7.81
Other Long-Term Assets	71.72	70.87	53.28	105.46	96.38	93.01
Total Assets	4,537	4,572	4,096	3,934	3,473	3,084
Current Portion of Long-Term Debt	255.59	218.92	167.62	219.95	96.98	107.19
Current Portion of Leases	-	-	-	-	-	0.44
Long-Term Debt	1,812	1,850	1,634	1,526	1,583	1,462
Long-Term Leases	16.68	17.61	16.06	16.24	9.07	8.67
Accounts Payable	57.15	64.06	45.62	44.98	36.06	30.5
Other Current Liabilities	9.52	9.56	9.15	8.74	11.66	11.14
Long-Term Deferred Tax Liabilities	293.16	299.13	263.42	262.76	175.23	109.66
Other Long-Term Liabilities	-	-	-	-	-	0.44
Total Liabilities	2,461	2,460	2,136	2,079	1,912	1,737
Common Stock	402.18	422.75	448.15	470.77	469.96	469.21
Additional Paid-In Capital	48.76	48.76	48.76	48.76	48.76	48.76
Retained Earnings	1,366	1,312	1,238	1,089	897.6	682.82
Comprehensive Income & Other	153.13	217.75	117.97	144.54	68.42	69.33
Total Common Equity	1,970	2,001	1,853	1,753	1,485	1,270
Minority Interest	106.25	110.65	106.87	101.91	76.65	77.49
Shareholders' Equity	2,076	2,112	1,960	1,855	1,561	1,348
Total Liabilities & Equity	4,537	4,572	4,096	3,934	3,473	3,084
Total Debt	2,084	2,087	1,818	1,763	1,689	1,585
Net Cash (Debt)	-2,018	-2,036	-1,800	-1,748	-1,662	-1,558
Net Cash Per Share	-57.51	-56.10	-47.71	-44.69	-42.56	-39.92
Filing Date Shares Outstanding	35.1	36.21	37.74	39.06	39.07	39.02
Total Common Shares Outstanding	35.09	36.28	37.74	39.11	39.06	39.02
Book Value Per Share	56.13	55.16	49.10	44.83	38.01	32.55
Tangible Book Value	1,970	2,001	1,853	1,753	1,485	1,270
Tangible Book Value Per Share	56.13	55.16	49.10	44.83	38.01	32.55

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.